NIFTY OUTLOOK - TECHNICAL ANALYSIS
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Huge fund flows and liquidity is required for further momentum above 3800, though underlying undertone looks bullish.
Utmost caution should be maintained, since NIFTY has to correct considerably in order to maintain healthy momentum.
3711.05 is likely in the short to medium term.
3491.2 and 3408 is likely to be tested on the lower side. But it might not happen in the immediate future.
Immediate support lies at 3795.30 & 3760.55.
Today's upper band lies at 3836.95. Today's lower band lies at 3508.023.
Support Levels:
3712.60
3671.86
3597.93
3477.46
3371.13
3325.2167
Note: These views do not have any relevance to NIFTY futures.
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